CrunchBase's recent analysis confirms growing momentum in venture capital investing in FinTech startups. VC interest in FinTech continue to build significantly compared to just a year ago.
"The 30% increase in venture funding for Financial Services startups is a measure of the momentum over the past six months. We calculated momentum starting with the moving average from the prior six month period (January through June) and used the percentage change for the updated measure (February through July). The sixteen Financial Services funding rounds in July represented a 60% increase versus the average of the prior six months and bumped the moving average from just ten to thirteen per month. So what does this mean? It means that a new market is starting to emerge: FinTech."
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